Meanwhile, the S&P BSE Sensex was down 32.36 points or 0.12% at 26,114.97.

On BSE, so far 2.01 lakh shares were traded in the counter as against average daily volume of 38,000 shares in the past two weeks.

The stock hit a high of Rs 1,373 so far during the day, which is a record high for the counter. The stock hit a low of Rs 1,225 so far during the day. The stock had hit a 52-week low of Rs 285.30 on 28 August 2013.

Shares of Atul have rallied 23.48% in two trading sessions from Rs 1,079.45 on 22 July 2014, after the company during market hours on Wednesday, 23 July 2014, reported strong Q1 June 2014 earnings. The stock had surged 12.58% to settle at Rs 1,215.30 on Wednesday, 23 July 2014.

Atul's net profit surged 47.8% to Rs 59.78 crore on 25.2% growth in net sales to Rs 636.19 crore in Q1 June 2014 over Q1 June 2013.

Atul has seven businesses, namely, aromatics, bulk chemicals & intermediates, colors, crop protection, floras, pharmaceuticals & intermediates, and polymers.